QV-TV, Inc

question 42

Multiple Choice

QV-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2016: Cost of goods sold was $22 billion under FIFO costing and the inventory value under FIFO costing was $2.1 billion. The LIFO Reserve for year-end 2015 was $0.6 billion and at year-end 2016 it had increased to $0.8 billion. What is the LIFO inventory value at year-end 2016?

• A)$1.9 billion.
• B)$2.9 billion.
• C)$2.3 billion.
• D)$1.3 billion.

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Definitions:

Sexual Response

The physiological and emotional reactions of an individual to sexual stimulation, which can include desire, arousal, orgasm, and resolution.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a standardized classification of mental disorders used by mental health professionals.

Female Orgasmic Disorder

A sexual dysfunction characterized by a woman’s delay in, infrequency of, or absence of, orgasm and/or a reduction in the intensity of orgasmic sensations in all or almost all (75 to 100 percent) occasions of sexual activity for a minimum of six months, causing marked distress or interpersonal difficulty. Also known as anorgasmia.

Orgasmic Response

The physiological reactions and sensations experienced at the peak of sexual arousal, typically involving involuntary muscle contractions and intense pleasure.